XELB News & Events

Reports Q4 revenue $1.17M vs. $1.21M last year. Robert W. D'Loren, Chairman and CEO of Xcel commented, " I am pleased with the progress we are making with our legacy brands and all of our new influencer led brands. These new influencer led brands will be launching throughout 2026." He further commented, "the Company is on track to return to profitability, and we expect to achieve our goal of total brand portfolio reach of 100M social media followers across our brands".

Xcel Brands files to sell 13.63M shares of common stock for holders

Xcel Brands announces that it has entered into a securities purchase agreement for a private investment in public equity financing that is expected to result in gross proceeds to the company of approximately $2.05M, before deducting placement agent fees and offering expenses. Pursuant to the terms of the securities purchase agreement, the company is selling an aggregate of 1,670,055 shares of common stock and common stock purchase warrants to purchase up to 835,023 shares of common stock at a purchase price of $1.2275 per share and one-half common stock purchase warrant, subject to certain beneficial ownership limitations set by each holder. The warrants issued in the offering are exercisable at an exercise price of $3.00 per share, subject to adjustment as provided therein, and will expire five years from the date of issuance. Wellington Shields & Co. acted as the sole placement agent for the PIPE financing.